"Another man’s loss may be another man’s gain" – that is exactly what happened between the residential housing market and the apartment industry. Whereas property values are still declining and houses for sale remain in the market for a long time, the apartment industry is gaining more advocates as a shift from house buying to renting happens nationwide. If there’s Read full article »
Home Prices In Central Virginia May Remain Deflated For Years
The whole country is experiencing deflated home prices because of the flurry of foreclosures everywhere. Many real estate experts say that this status just might remain for a very long time. And the smaller parts that make up the bigger picture will also experience the same thing. Central Virginia is proving to be a microcosm of the United States, mirroring how Read full article »
category: Featured, Residential
tags: virginia home sales
No Foreclosure Freezing From Wells Fargo
There have been mounting pressure to freeze all foreclosure proceedings in all 50 states until the foreclosure scandal tides over and thorough investigation has been made. The country’s largest bank has heeded to the call and other major financial institutions might follow suit. One major bank though has flat out refused to freeze any foreclosure, saying no such fraud has Read full article »
There Might Be No Foreclosure Moratorium, According To White House Senior Advisor
A lot of things are pointing to blanket stoppage of all home foreclosures: one is the recent move by Bank of America to freeze foreclosures in all 50 states and the other is the upcoming November 2 midterm elections where people will surely think about the reeling economy when they vote. However pressing these two events may be, a top Read full article »
Now On Air: National Commercial Real Estate Radio Show
Perhaps with the way the commercial real estate industry is trying to find its grounding, everybody needs all the help they can get. And the launch of the first and only national commercial real estate show is the perfect venue to get tips and news regarding the market’s current state. Launched last October 2, “Commercial Real Estate Show” can now be Read full article »
tags: nationwide, radio show
Title Insurances Finally Get Attention Amidst Foreclosure Freezing
Have you ever heard of anyone collecting title insurance? Perhaps none; yet if you are going to buy a home or refinance a mortgage, a title insurance gets the largest chunk in the itemized estimate for closing costs and fees. Though most home buyers and refinancers don’t bother to question this anymore because of the tiresome process of asking and Read full article »
tags: banks, title insurance
Foreclosure Sales Halted In All 50 States By Bank Of America
The heat is on: after pressure from the Senate and more homeowners, the country’s largest bank gives in. Last Friday, Senate Majority Leader Harry Reid, D-Nevada pleaded to major mortgage servicers and banks to extend the recent foreclosure freezing to all fifty states. According to him, if homeowners in 23 states get a chance at delaying foreclosures, so do those from Read full article »
tags: Bank of America, halt foreclosure
Virtus Real Estate Applies Unique Investment Strategy As It Poses For Growth
The commercial real estate, more than the residential, is slowly starting to pick up the pieces it shed when the economic crisis struck. And some companies are trying to ride the current commercial real estate rise. That’s exactly what Virtus Real Estate is doing by leveraging a unique investing approach. Leading real estate private equity firm, Virtus Real Estate is currently Read full article »
California Pension Withdraws $1 Billion Apartment Portfolio From BlackRock
Today’s real estate market is still trying to recover – values and sales are still down and homeowners are always in danger of foreclosures. This may be why some companies and pension funds are looking at cutting back on losses without sacrificing efficiency and performance. That’s what the largest public pension fund in the United States is aiming Read full article »
Homeowners Can Still Lose Home Even Without Mortgages
It’s a homeowner’s nightmare: contently living in a place without fear of foreclosure as the house is paid in full, only to have the bank pull the rug from under you and surprise you with an unexpected foreclosure. This was what happened with Jason Gordensky, who paid in cash for his South Florida home in December. Seven months later, Bank of Read full article »
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